TEEJAY INDIA PRIVATE LIMITED,VISAKHAPATNAM vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-5(1), VISAKHAPATNAM

Bench: Shri Ravish Sood, Hon’Ble & Shri Omkareshwar Chidara, Hon’Ble

Disallowance of amortization of leasehold rights: Rs.23,33,312/-; and (ii) Transfer Pricing adjustment as per the order passed by the TPO under section 92CA(3) of the Act dated 31.10.2023: Rs.21,90,56,110/-. 8. The assessee-company aggrieved with the order passed by the A.O under Section 143(3) r.w.s 144C(13) r.w.s 144B of the Act, dated

DEVI SEA FOODS LIMITED,VISAKHAPATNAM vs. DEPUTY COMMISSIONER OF INCOME TAX , CIRCLE -3(1), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.156/Viz/2022 (निर्धारण वर्ा / Assessment Year : 2018-19) M/S Devi Sea Foods Limited Vs. Deputy Commissioner Of 50-1-51/1, A.S.R.Nagar Income Tax Seethammadhara Circle-3(I) Visakhapatnam Visakhapatnam [Pan : Aabcd0248B] अपीलधथी की ओर से/ Appellant By : Shri D.Anand, Ar प्रत्यधथी की ओर से / Respondent By : Shri M.N.Murthy Naik, Cit(Dr) सुिवधई की तधरीख / Date Of Hearing : 01.12.2022 घोर्णध की तधरीख/Date Of Pronouncement : 16.12.2022 O R D E R Per Shri S.Balakrishnan:

144C of the Act on 21.09.2021 and made an upward TP adjustment and assessed the total income at Rs.308,75,13,245/- by making the following disallowances : 1. Disallowance u/s 80G 1,69,500 2. Disallowance u/s 92 CA(3) 7,69,33,812 3. Disallowance u/s 14A r.w.Rule 8D 12,27,953 Total 7,83,31,265 4. Aggrieved

MAHATI SOFTWARE PVT LTD.,,VISAKHAPATNAM vs. THE ACIT,, VISAKHAPATNAM

In the result, appeals of the assessee are partly allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.67/Viz/2016 & 68/Viz/2017 (निर्धारण वर्ा/Assessment Year:2011-12 & 2012-13) M/S Mahati Software Pvt. Ltd. Vs. Asst. Commissioner Of D.No.10-27-14A Income Tax Sivam, Kailashmetta Circle-3(1) Waltair Visakhapatnam Visakhapatnam [Pan : Aadcm9620J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

10% of the foreign travel expenses which worked out to 2,04,215/- towards unverifiable expenses in the draft assessment order. The assessee has not filed any objection before the DRP against the draft assessment order. Therefore, the AO disallowed the foreign travel expenses of Rs.2,04,215/- representing 1/10 of the expenditure debited under the head ‘foreign travel expenses

M/S. MAHATI SOFTWARE PVT. LTD.,VISAKHAPATNAM vs. THE ACIT,, VISAKHAPATNAM

In the result, appeals of the assessee are partly allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.67/Viz/2016 & 68/Viz/2017 (निर्धारण वर्ा/Assessment Year:2011-12 & 2012-13) M/S Mahati Software Pvt. Ltd. Vs. Asst. Commissioner Of D.No.10-27-14A Income Tax Sivam, Kailashmetta Circle-3(1) Waltair Visakhapatnam Visakhapatnam [Pan : Aadcm9620J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

10% of the foreign travel expenses which worked out to 2,04,215/- towards unverifiable expenses in the draft assessment order. The assessee has not filed any objection before the DRP against the draft assessment order. Therefore, the AO disallowed the foreign travel expenses of Rs.2,04,215/- representing 1/10 of the expenditure debited under the head ‘foreign travel expenses

DEVI SEA FOODS LIMITED,VISAKHAPATNAM vs. DCIT, CIRCLE-3(1), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.75/Viz/2022 ("नधा"रणवष"/ Assessment Year: 2017-18) M/S. Devi Sea Foods Limited, Vs. Deputy Commissioner Of Visakhapatnam. Income Tax, Pan: Aabcd 0248 B Circle-3(1), Visakhapatnam. (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Appellant By : Sri D. Anand, Advocate ""याथ"क"ओरसे/ Respondent By : Sri Mn Murthy Naik, Cit-Dr

section 143(3) r.w.s 144C(13) r.w.s 144B of the Income Tax Act 1961, (the Act) dated 26.02.2022 arising out of the directions of the Learned Dispute Resolution Panel-1, Bengaluru in F.No. 73/DRP-1/BNG/2021-22, 2 dated 28/01/2022 passed U/s. 144C(5) of the Act dated 28.01.2022 for the AY 2017-18. 2. Brief facts of the case are that

ANDHRA PAPER LIMITED,RAJAHMUNDRY vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, RAJAHMUNDRY

In the result, appeal of the assessee is dismissed

Bench: Shri Ravish Sood, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.349/Viz/2024 (निर्धारण वर्ा/ Assessment Year:2020-21) Vs. Acit – Circle -1 Andhra Paper Limited 14-6-9, Admin Office Veerabhadrapuram Kateru Road Rajahmundry-533101 Sri Ramnagar S.O. (Rajahmundry) Andhra Pradesh Rajahmundry (Urban) East Godavari – 533105 Andhra Pradesh [Pan: Aaact8849D]

144C(13) r.ws 144B of the Income-tax Act, 1961 ('the Act') is barred by limitation, void-ab- initio and therefore, ought to be quashed aside in toto. Without prejudice to the above: 2. That on the facts and circumstances of the case and in law, the order of the Ld. Transfer PricingOfficer (hereinafter referred to as 'TO') passed

GVR POWER & INFRASTRUCTURE LIMITED,KADIYAM vs. ACIT, CIRCLE - 2(1), RAJAHMUNDRY

In the result, the appeal filed by the assessee is partly allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

10,68,138 - The Ld. AO disallowed the said expenses on ground that there is no nexus between such expenditure and the business of the assessee. - In this regard, the Assessee would like to submit that said expenses were incurred to sponsor various events that have taken place wherein hoarding of GVK Power & Infrastructure Ltd., Jegurupadu the assessee are displayed

3F INDUSTRIES LIMITED,TADEPALLIGUDEM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, , ELURU

In the result, appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

144C(3), dated 24/11/2016. The Ld. AO later finalized the draft assessment order and issued a final assessment order on 27/12/2017 incorporating the adjustments proposed in the draft order since the assessee company preferred to file an appeal before the Ld. CIT(A). Aggrieved by the order of the Ld. AO, the assessee filed an appeal before

GVK POWER & INFRASTRUCTURE LIMITED,KADIYAM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1),, RAJAHMUNDRY

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकरअपीलसं./I.T.A.No.553/Viz/2018 (ननधधारण वर्ा/Assessment Year:2014-15) M/S Gvk Power & Infrastructure Ltd. Vs. Asst.Commissioner Of D.No.5-48, Gvk Power Plant Income Tax Jegurupadu, Kadiyammandal Circle-2(1) East Godavari Rajamahendravaram [Pan :Aaacj5599A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओ रसे/ Appellant By Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से/ Respondent By Shri D.K.Sonowal, Cit Dr सुनवधई की तधरीख / Date Of Hearing : 21.03.2019 घोर्णध की तधरीख/Date Of Pronouncement : 03.04.2019

10. The next contention of the assessee is with regard to the disallowance u/s 14A of the Act. The Ld.AR argued that though the assessee had offered the expenditure relatable to the dividend income for taxation in the original return, the assessee had detected the mistake subsequently and filed the revised return withdrawing disallowance of interest and processing charges relating

LANKAPALLI PACS LTD,LANKAPALLI VILLAGE vs. INCOME TAX OFFICER, WARD-1(1), VIJAYAWADA

In the result, appeal of the Revenue is dismissed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble(Through Hybrid Hearing) आयकर अपील सं./ I.T.A. No.364/Viz/2024 (िनधा"रण वष" / Assessment Year : 2020-21 ) Lankapalli Pacs Ltd, Vs. Income Tax Officer, 171, Lankapalli Village, Ward-1(1), Lankapalli Post, Vijayawada. Ghantasala Mandal-521131, Krishna District, Andhra Pradesh-521131. Pan: Aaaal5410 (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Appellant By : Sri K. Siva Rama Kumar, Ar ""याथ" क" ओर से / Respondent By : Dr. Aparna Villurim, Sr. Ar सुनवाई क" तारीख / Date Of Hearing : 14/10/2024 घोषणा क" तारीख/Date Of : 24/10/2024 Pronouncement O R D E R

144C of the Income Tax Act, 1961 [“the Act”] for the AY 2020-21. 2 2. Briefly stated the facts of the case are that the assessee is a Primary Agricultural Cooperative Society engaged in the activity of providing credit facilities to its members. As per the information available with the Department, the Ld. AO observed that during the previous

TEEJAY INDIA PRIVATE LIMITED,VISAKHAPATNAM vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-5(1), VISAKHAPATNAM

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.340/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2020-21) & S.A. No. 15/Viz/2025 (निर्धारण वर्ा/ Assessment Year: 2020-21) Teejay India Private Limited, Vs. Deputy Commissioner Of Plot No. 15, Brandix, Apsez, Income Tax, Pudimadaka Road, Atchutapuram Circle-5(1), Mandal, Visakhapatnam-530011. Visakhapatnam. Pan: Aaaco9452H (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

144C(13) r.w.s 144B of the Act on 26/06/2024. Aggrieved by the final order passed by Ld. AO, the assessee filed the present appeal before us. 4. The assessee has raised the following grounds of appeal: “1. That the order of the Additional/Joint/Deputy/Assistant Commissioner of Income Tax / Income Tax Officer, National E-assessment Centre, New Delhi

TEEJAY INDIA PRIVATE LIMITED,VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, DC/AC 4(1), VISAKHAPATNAM

In the result, appeal filed by the assessee is partly allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

144C(13) r.w.s 143(3A) & 143(3B) of the Income Tax Act, 1961 [the Act] for the AY 2016-17. 2. Brief facts of the case are that the assessee-company, M/s. Teejay India Private Limited (formerly known as M/s. Ocean India Pvt Ltd) is engaged in the business of manufacturing and exporting of knitted fabrics/apparels at Brandix APSEZ, Atchutapuram

SEEDS INTIMATE APPAREL INDIA PRIVATE LIMITED.,VISAKHAPATNAM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5(1), VISAKHAPATNAM

In the result, appeals of the assessee are allowed for statistical purpose

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अऩीऱ सं./I.T.A.No.21/Viz/2017, 04/Viz/2018 & 602/Viz/2018 (ननधधारण वषा / Assessment Years : 2012-13, 2013-14 & 2014-15) M/S Seeds Intimate Apparel India Vs. Asst.Commissioner Of Private Limited Income Tax, Plot No.C, Brandix India Apparel City, Circle-5(1) Sez, Pudimadaka Road Visakhapatnam Atchutapuram Mandal Visakhapatnam [Pan : Aadcb3644F] (अपीऱार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

144C(13) of the Income Tax Act, 1961 (in short ‘Act’) for the Assessment Year 2012-13, 2013-14 and 2014- 15. Since, the issues involved in these appeals are common, these appeals A.Y.2012-13, 2013-14 & 2014-15 M/s Seeds Intimate Apparel India Private Limited, Visakhapatnam are clubbed, heard together and a common order is being passed for the sake

SEEDS INTIMATE APPAREL INDIA PRIVATE LIMITED,,VISAKHAPATNAM vs. THE ASST CIT,, VISAKHAPATNAM

In the result, appeals of the assessee are allowed for statistical purpose

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अऩीऱ सं./I.T.A.No.21/Viz/2017, 04/Viz/2018 & 602/Viz/2018 (ननधधारण वषा / Assessment Years : 2012-13, 2013-14 & 2014-15) M/S Seeds Intimate Apparel India Vs. Asst.Commissioner Of Private Limited Income Tax, Plot No.C, Brandix India Apparel City, Circle-5(1) Sez, Pudimadaka Road Visakhapatnam Atchutapuram Mandal Visakhapatnam [Pan : Aadcb3644F] (अपीऱार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

144C(13) of the Income Tax Act, 1961 (in short ‘Act’) for the Assessment Year 2012-13, 2013-14 and 2014- 15. Since, the issues involved in these appeals are common, these appeals A.Y.2012-13, 2013-14 & 2014-15 M/s Seeds Intimate Apparel India Private Limited, Visakhapatnam are clubbed, heard together and a common order is being passed for the sake

SEEDS INTIMATE APPAREL INDIA PRIVATE LIMITED,VISAKHAPATNAM vs. ACIT, CIRCLE-5(1),, VISAKHAPATNAM

In the result, appeals of the assessee are allowed for statistical purpose

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अऩीऱ सं./I.T.A.No.21/Viz/2017, 04/Viz/2018 & 602/Viz/2018 (ननधधारण वषा / Assessment Years : 2012-13, 2013-14 & 2014-15) M/S Seeds Intimate Apparel India Vs. Asst.Commissioner Of Private Limited Income Tax, Plot No.C, Brandix India Apparel City, Circle-5(1) Sez, Pudimadaka Road Visakhapatnam Atchutapuram Mandal Visakhapatnam [Pan : Aadcb3644F] (अपीऱार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

144C(13) of the Income Tax Act, 1961 (in short ‘Act’) for the Assessment Year 2012-13, 2013-14 and 2014- 15. Since, the issues involved in these appeals are common, these appeals A.Y.2012-13, 2013-14 & 2014-15 M/s Seeds Intimate Apparel India Private Limited, Visakhapatnam are clubbed, heard together and a common order is being passed for the sake

GVK POWER AND INFRASTRUCTURE LIMITED,JEGURUPADU vs. DCIT, CIRCLE-1, RAJAHMUNDRY

In the result, appeal of the assessee is partly allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

144C(13) r.w.s 144B of the Income Tax Act, 1961 vide order dated 28/2/2022 in DIN No. ITBA/AST/S/143(3)/2021-22/1040175032(1) for the AY 2017-18. 2. Briefly stated the facts are that the assessee filed e-return of income for the AY 2017-18 on 27/11/2017 and revised the same on 7/12/2017 and once again revised on 15/9/2018 admitting

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRLCE-1(1),, GUNTUR vs. CCL PRODUCTS(INDIA) LIMITED, DUGGIRALA

In the result, appeal filed by the Revenue is dismissed

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

144C(3) of the Act dated 28/12/2018. 5. Ground No.2 raised by the department relates to corporate guarantee. Ld.AR for the assessee has submitted that the issue involved in this appeal is covered by the decision of the coordinate (M/s. CCL Products (India) Ltd.) bench of the tribunal in assessee’s own case for the A.Ys